On January 16, Belarus adopted Presidential Decree No. 19 “On Cryptobanks and Certain Issues of Control in the Sphere of Digital Tokens.”
The document marks a transition from an experimental regulatory framework toward a more structured and institutional model for the development of the digital asset market.

For the fintech industry, this step goes far beyond the crypto sector itself. The regulatory changes are expected to influence the broader payments infrastructure and financial ecosystem.

The topic of HTP 3.0 and the emerging cryptobanking model was recently discussed during an industry meeting that brought together representatives of the fintech and legal communities. Among the participants was Tatsiana Ravinskaya, CEO of BeginTimes, who closely follows the evolution of the digital asset regulatory environment both globally and within the Belarusian jurisdiction.

The keynote speaker was Dmitry Matveev, partner at the law firm Aleinikov & Partners and one of the contributors to the regulatory framework introduced by the decree. During the discussion, several practical issues were addressed:

• HTP 3.0 concept in practice
• how cryptobanking differs from crypto exchanges and other digital asset market participants
• regulatory architecture and distribution of responsibilities
• opportunities and risks for payment infrastructure

Following the discussion, Tatsiana Ravinskaya highlighted several key observations.

First, the market appears to be moving beyond debates about the legitimacy of crypto instruments toward discussions about how they can be institutionally integrated into the financial system.

Second, the emerging regulatory architecture introduces clearer structures of responsibility and oversight, thereby increasing predictability for businesses operating in the sector.

Finally, cryptobanking could become a new growth driver for payment services, enabling new integration models between traditional financial institutions and digital asset ecosystems.

Professional discussions of this kind allow complex regulatory changes to be viewed not as abstract legal provisions, but as a practical foundation for strategic decision-making.

BeginTimes continues to analyze the transformation of the regulatory environment and its impact on processing solutions, payment services, and the development of financial infrastructure.